PagSeguro Digital (NYSE:PAGS) Upgraded by HSBC to Hold

HSBC upgraded shares of PagSeguro Digital (NYSE:PAGS) from a reduce rating to a hold rating in a research report released on Tuesday, BenzingaRatingsTable reports.

PAGS has been the subject of a number of other reports. Credit Suisse Group upgraded PagSeguro Digital from an underperform rating to a neutral rating in a research note on Monday, July 22nd. Guggenheim boosted their price objective on PagSeguro Digital from $36.00 to $50.00 and gave the company a buy rating in a research note on Friday, July 12th. KeyCorp boosted their price objective on PagSeguro Digital from $55.00 to $60.00 and gave the company an overweight rating in a research note on Friday, August 16th. Evercore ISI initiated coverage on PagSeguro Digital in a research note on Tuesday, July 16th. They set an outperform rating for the company. Finally, Deutsche Bank boosted their price objective on PagSeguro Digital from $40.00 to $57.00 and gave the company a buy rating in a research note on Tuesday, August 6th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $40.44.

Shares of NYSE:PAGS opened at $47.49 on Tuesday. The stock has a 50 day moving average of $48.23 and a 200 day moving average of $37.02. The company has a market cap of $15.66 billion, a PE ratio of 53.97, a price-to-earnings-growth ratio of 1.56 and a beta of 0.62. PagSeguro Digital has a 12-month low of $17.02 and a 12-month high of $53.43.



PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Thursday, August 15th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The company had revenue of $354.49 million during the quarter, compared to the consensus estimate of $332.31 million. PagSeguro Digital had a return on equity of 18.82% and a net margin of 23.12%. On average, research analysts predict that PagSeguro Digital will post 1.16 EPS for the current year.

A number of hedge funds have recently bought and sold shares of PAGS. Wells Fargo & Company MN boosted its stake in PagSeguro Digital by 389.3% in the 1st quarter. Wells Fargo & Company MN now owns 2,118,103 shares of the company’s stock worth $63,225,000 after purchasing an additional 1,685,234 shares during the period. Janus Henderson Group PLC boosted its stake in PagSeguro Digital by 22.2% in the 2nd quarter. Janus Henderson Group PLC now owns 8,226,841 shares of the company’s stock worth $320,599,000 after purchasing an additional 1,492,806 shares during the period. Nuveen Asset Management LLC bought a new position in PagSeguro Digital in the 2nd quarter worth approximately $57,212,000. AXA boosted its stake in PagSeguro Digital by 97.3% in the 2nd quarter. AXA now owns 1,669,036 shares of the company’s stock worth $65,042,000 after purchasing an additional 823,013 shares during the period. Finally, Grandeur Peak Global Advisors LLC boosted its stake in PagSeguro Digital by 518.2% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 941,700 shares of the company’s stock worth $36,698,000 after purchasing an additional 789,375 shares during the period. Institutional investors and hedge funds own 53.77% of the company’s stock.

About PagSeguro Digital

PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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